Why Internships Are Worth It
Everyone knows that internships are a great way to gain experience in your chosen field while earning school credit and even some extra money. That experience could give you a huge advantage over the competition when it's time to look for your first job after college—but if that isn't enough, here are some other reasons why internships are worth doing.
You'll Probably Get Paid
Sure, you won't get rich from your internships, but chances are you'll earn more than enough to get by.
- $7.25/hr: Federal minimum wage rate in the United States in 2012.
- $16.21/hr: Average wage for an undergrad intern.
- $21.93/hr: Average wage for a grad school intern.
You Might Get A Job Offer Out Of It
Your internship may actually be an extended interview for a full-time job at that company.
- 56.8% of interns are hired after graduation by the company they interned at.
- 69% of companies with 100 or more employees offered interns full-time jobs.
- 61.2% of the time employers make full-time job offers to their interns.
- 86.5% of the time former interns accept full-time positions at a company where they interned.
You'll Make Yourself More Employable
Employers prefer to hire entry-level candidates with internship experience.
- 52% of former interns from the class of 2014 received at least one full-time job offer before graduation.
- 39% of applicants from the 2014 class who didn't intern received job offers before graduation.
You'll Find Out If It's The Right Career For You
Internships give you a chance to see firsthand if a field really is a good fit for you. As a result, people who do internships may have fewer regrets after they graduate.
47% of former students say they would have "done more internships or worked part time" if they could go back and change anything about their college experience.
You Could Increase Your Earning Potential
Believe it or not, your internship could significantly boost your salary at your first job after college—and put you on track to earn more over the course of your career.
- Average starting salary for entry-level employees who never completed an internship: $28,000
- Average starting salary for entry-level employees who interned previously: $34,680
Salt® Can Help You Find Your Next Internship
Check out our listings on saltmoney.org to search nearly 50,000 available internship positions from more than 23,000 employers nationwide.Sources: